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Renting out rooms in a home I live in?
I purchased a house at the end of 2021 that I planned to have roommates in. It was just me in there until April and from that point on, I had 1-3 roommates each month paying rent. I paid all utilities. I have a formula to add up the utilities and divide them by the number of people so I think I am good there.
How do I deal with the mortgage interest and property taxes? Last year I had no renters and just did them as a homeowner as my interest and taxes are substantial.
‎April 7, 2023
7:51 AM